According to Foresight News: Web3 payment infrastructure company MoonPay has established an investment division called MoonPay Ventures, which will focus on early-stage startups in the areas of Web3 infrastructure, gaming, and related financial technology.
MoonPay Ventures plans to primarily invest between $100,000 and $1 million, targeting seed and Series A funding rounds. Abhay Mavalankar, Vice President of Corporate Development and Investments at MoonPay, stated that the fund has already invested in over 25 companies, including BCB Group, Ledger, BRUT, BeatClub, absolute labs, Create/OS, BridgeTower Capital, and Mythical Games. MoonPay has not allocated a specific amount of funds, and the team will invest off the balance sheet.